CHICAGO — Chicago plans to sell about $175 million of general obligation bonds next month to provide an infusion of funding for school building projects at the cash-strapped Chicago Public Schools to help keep its long-term $5 billion capital program on track.

The City Council Wednesday approved the financing that marks the second and final borrowing by the city under the $1 billion Modern Schools Across Chicago program announced by Mayor Richard Daley in 2006.

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